Prudential Financial Inc. Sells 22,371 Shares of Federal Realty Investment Trust (NYSE:FRT)

Prudential Financial Inc. lowered its position in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 28.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,872 shares of the real estate investment trust's stock after selling 22,371 shares during the quarter. Prudential Financial Inc. owned approximately 0.07% of Federal Realty Investment Trust worth $6,367,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Venturi Wealth Management LLC grew its stake in shares of Federal Realty Investment Trust by 244.9% in the 4th quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust's stock valued at $53,000 after buying an additional 333 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in Federal Realty Investment Trust by 25.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust's stock valued at $62,000 after acquiring an additional 111 shares during the last quarter. Hopwood Financial Services Inc. bought a new stake in Federal Realty Investment Trust in the fourth quarter worth approximately $101,000. Jackson Grant Investment Advisers Inc. increased its stake in shares of Federal Realty Investment Trust by 11.5% during the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 1,330 shares of the real estate investment trust's stock worth $149,000 after purchasing an additional 137 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Federal Realty Investment Trust by 14.5% during the 4th quarter. Blue Trust Inc. now owns 1,380 shares of the real estate investment trust's stock worth $159,000 after purchasing an additional 175 shares during the last quarter. 93.86% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

FRT has been the subject of a number of recent research reports. Citigroup reiterated a "neutral" rating and issued a $106.00 price objective (down from $135.00) on shares of Federal Realty Investment Trust in a report on Friday, March 28th. Mizuho decreased their price target on Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating for the company in a research note on Tuesday, February 25th. StockNews.com raised Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. Raymond James decreased their target price on Federal Realty Investment Trust from $125.00 to $117.00 and set an "outperform" rating for the company in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Federal Realty Investment Trust from $125.00 to $114.00 and set an "overweight" rating on the stock in a research report on Friday, March 7th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $116.62.

Federal Realty Investment Trust Stock Performance

Shares of FRT traded down $3.70 during trading hours on Friday, reaching $88.98. 1,326,078 shares of the company traded hands, compared to its average volume of 654,616. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.97 and a current ratio of 1.97. The stock's fifty day moving average is $102.73 and its 200 day moving average is $108.68. Federal Realty Investment Trust has a 1-year low of $88.84 and a 1-year high of $118.34. The stock has a market cap of $7.62 billion, a P/E ratio of 25.94, a price-to-earnings-growth ratio of 2.20 and a beta of 1.27.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, meeting the consensus estimate of $1.73. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The firm had revenue of $311.44 million during the quarter, compared to analysts' expectations of $311.85 million. Equities research analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $4.40 dividend on an annualized basis and a yield of 4.95%. Federal Realty Investment Trust's dividend payout ratio is currently 128.28%.

Federal Realty Investment Trust Profile

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.